Summary

Working gas in storage was 3,089 Bcf as of Friday, January 2, 2015, according to EIA estimates. This represents a net decline of 131 Bcf from the previous week. Stocks were 250 Bcf higher than last year at this time and 67 Bcf below the 5-year average of 3,156 Bcf. In the East Region, stocks were 36 Bcf below the 5-year average following net withdrawals of 65 Bcf. Stocks in the Producing Region were 24 Bcf below the 5-year average of 1,090 Bcf after a net withdrawal of 33 Bcf. Stocks in the West Region were 7 Bcf below the 5-year average after a net drawdown of 33 Bcf. At 3,089 Bcf, total working gas is within the 5-year historical range.

We believe that by working with an unbiased energy consultant, companies can better navigate though volatile markets, price swings, and overall uncertainty.

We recognize several trends in the energy industry. Deregulation in both electricity and gas markets continues to spread state by state as consumers and governments recognize the benefits of competive energy markets. We believe that this will continue as regulators are able to tailor market designs to best meet the needs and requirements of its participants. Additionally, the shift towards renewable energy projects continues to be bolstered by private investments, mostly in states with relaxed electricity structures. This indirectly benefits our industry by shifting the reliability of energy supply to domestic resources. Finally, the higher cost of energy over the past couple decades has required new ideas to be formulated in order to help contain prices.